A strong dollar is putting pressure on Asian emerging markets like Thailand and Indonesia, risking a vicious cycle of capital outflows and weaker currencies.
A technical analysis of the major currency pairs shows the bias, limits, and targets as the dollar advances.
The US dollar has strengthened as Treasury yields near multi-decade highs, potentially tightening financial conditions without further Fed rate hikes.
US trade deficit widened to $105.6 billion in August, as imports surged more than exports.
The dollar is firmer against six of seven major currencies, stock futures are lower, and Treasury yields are steady ahead of the ISM services report.
The Indian rupee nears record lows as the dollar draws safe-haven bids and US-Iran talks stay deadlocked.
Cathie Wood says the dollar is stronger than investors think and may surge, citing a Fed index showing it 44% above the long-term average.
The dollar is mixed as traders await the September US jobs report. Oil falls and stock futures point higher.
September US nonfarm payrolls expected at 90K, with unemployment steady at 4.1%. Release could impact Fed rate hike odds and dollar.
Dollar index climbs to three-month high; EURUSD dips below 1.1300 as Treasury yields remain elevated.
The US dollar hit a three-month high as Treasury yields surged, with EUR/USD breaking below key support near 1.1300.
Softer PCE inflation failed to keep yields down; the dollar strengthened and the Dow fell to its lowest since June, while tech stocks supported Nasdaq gains.
UBS sees USD/JPY sell signal in month-end rebalancing; BofA flags yen and pound selling. Caution urged on sudden FX moves.
The dollar pulls back against most majors on profit-taking and lower oil prices, but technical bias still favors the greenback. Key levels identified for five…
USDCAD rose to the 1.41297-1.41488 resistance zone and reversed, as sellers stepped in. The pair now tests that swing area for direction.